Is it ok if i take the PAN no. of Propriotor in case of No PAN No. in the name of Agency/Trasportation
will it be accepted in income tax
kindly advice
Harish Arora
(Chartered Accountant)
(52 Points)
Replied 09 April 2010
If the Transporter is running a proprietorship business then in any case his pan will be considered for the Income Tax Purposes. Pan would have been required in the name of ageny/transport business only if the mode of business is for say Partnership Firm or a Company.
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